SHS Web Conf.
Volume 65, 2019The 8th International Conference on Monitoring, Modeling & Management of Emergent Economy (M3E2 2019)
|Number of page(s)||8|
|Section||The Global Challenges for Economic Theory and Practice in Europe|
|Published online||29 May 2019|
Exports of Ukraine as a global challenge for its future
Oles Honchar Dnipro National University, Department of Economics, Entrepreneurship, and Management of Enterprises, 72, Gagarin Ave, Dnipro, 49010, Ukraine
2 The State University of Infrastructure and Technology, Department for Theoretical and Applied Economics, 9, Kyrylivska St., Kyiv, 04080, Ukraine
3 The National Institute for Strategic Studies, Department of Foreign Economic Policy, 7-a, Pyrogova St., Kyiv, 01030, Ukraine
* Corresponding author: firstname.lastname@example.org
Exports are critical for the highly open Ukrainian economy which is characterized by the large trade deficit. Since independence the major consumers of the Ukrainian products have been the CIS and the EU. Conflict with Russia led to the significant decline of the volume of Ukraine’s export commodities. The export analysis, based on the data provided by the State Statistics Service of Ukraine for the period of 2010- 2018 allowed to identify the problems and to come up with possible solutions focusing primarily on the role of the Government of Ukraine in strengthening cooperation with the EU. Firstly, it is suggested to take the institutional steps aimed at expanding and deepening the integration towards the common economic space with the EU, especially the common customs space. Secondly, to explore the opportunities of exporting goods to the countries, with which the EU has signed regional trade agreements. The third step is related to the changing role of Ukraine in the global model of the transformation of the world economy and requires the combination of close cooperation with the EU, on the one hand, and the powerful economies, on the other, thereby contributing to the formation of non-confrontational relations between East and West.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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